Vale (ADR) (NYSE:VALE) climbed up 1.05% over its previous day’s price and now trades at $27.53 on a massive volume of 4.43 million shares. The stock has a 52-week range of $11.82-$31.96. Vale S.A., formerly Companhia Vale do Rio Doce, is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets. It also produces manganese ore, ferroalloys and kaolin. It also produces bauxite, alumina, aluminum, copper, coal, cobalt, precious metals, potash and other products.
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Gerdau SA (ADR) (NYSE:GGB) jumped 2.83% to $14.55 on a massive volume of 1.86 million shares. The stock has a 52-week range of $4.63-$17.85. Gerdau S.A. (Gerdau) is a producer of long rolled steel. Gerdau operates steel mills that produce steel by direct iron-ore reduction (DRI) in blast furnaces and in electric arc furnaces (EAF). In Brazil, it operates three blast furnace steel mills, including its mill, Gerdau Acominas, an integrated steel mill located in Ouro Branco in the state of Minas Gerais.
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) is amongst the top gainer in the early few hours. The stock has spurted 4.38% and is trading at $44.28 with a volume of 474K shares. The stock has a 52-week range of $23.35-$63.98. UBS upgrades the stock from Neutral to Buy. Price target $50. Schnitzer Steel Industries, Inc. is a recycler of ferrous and nonferrous metals. The Company is a recycler of used and salvaged vehicles, and a manufacturer of finished steel products. It operates in three business segments: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB).
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